<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 15: GDP growth is projected to outpace potential output growth and gradually absorb excess supply</label>
    <description><![CDATA[Contributions to GDP growth, annualized, quarterly data

Note: Net exports and inventories includes Statistics Canada’s statistical discrepancy. Numbers may not sum to their respective totals due to rounding.

Sources: Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=252550</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2026M04_GDP_FDD_S1">
<label>Final domestic demand</label>
<description>Final domestic demand</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_GDP_FDD_S2">
<label>Net exports and inventories</label>
<description>Net exports and inventories</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_GDP_FDD_S3">
<label>GDP growth</label>
<description>GDP growth</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2026M04_GDP_FDD_S3">2.9</v><v s="MPR_2026M04_GDP_FDD_S1">2.7</v><v s="MPR_2026M04_GDP_FDD_S2">0.3</v></o>
<o d="2024-04-01"><v s="MPR_2026M04_GDP_FDD_S1">3.0</v><v s="MPR_2026M04_GDP_FDD_S2">0.3</v><v s="MPR_2026M04_GDP_FDD_S3">3.3</v></o>
<o d="2024-07-01"><v s="MPR_2026M04_GDP_FDD_S2">0.2</v><v s="MPR_2026M04_GDP_FDD_S1">3.1</v><v s="MPR_2026M04_GDP_FDD_S3">3.3</v></o>
<o d="2024-10-01"><v s="MPR_2026M04_GDP_FDD_S1">4.2</v><v s="MPR_2026M04_GDP_FDD_S2">-1.4</v><v s="MPR_2026M04_GDP_FDD_S3">2.8</v></o>
<o d="2025-01-01"><v s="MPR_2026M04_GDP_FDD_S1">-0.1</v><v s="MPR_2026M04_GDP_FDD_S2">2.2</v><v s="MPR_2026M04_GDP_FDD_S3">2.1</v></o>
<o d="2025-04-01"><v s="MPR_2026M04_GDP_FDD_S2">-4.7</v><v s="MPR_2026M04_GDP_FDD_S1">3.8</v><v s="MPR_2026M04_GDP_FDD_S3">-0.9</v></o>
<o d="2025-07-01"><v s="MPR_2026M04_GDP_FDD_S3">2.4</v><v s="MPR_2026M04_GDP_FDD_S2">2.9</v><v s="MPR_2026M04_GDP_FDD_S1">-0.5</v></o>
<o d="2025-10-01"><v s="MPR_2026M04_GDP_FDD_S1">2.3</v><v s="MPR_2026M04_GDP_FDD_S2">-2.9</v><v s="MPR_2026M04_GDP_FDD_S3">-0.6</v></o>
<o d="2026-01-01"><v s="MPR_2026M04_GDP_FDD_S3">1.5</v><v s="MPR_2026M04_GDP_FDD_S2">-0.1</v><v s="MPR_2026M04_GDP_FDD_S1">1.6</v></o>
<o d="2026-04-01"><v s="MPR_2026M04_GDP_FDD_S3">1.5</v><v s="MPR_2026M04_GDP_FDD_S1">1.9</v><v s="MPR_2026M04_GDP_FDD_S2">-0.3</v></o>
<o d="2026-07-01"><v s="MPR_2026M04_GDP_FDD_S3">1.9</v><v s="MPR_2026M04_GDP_FDD_S2">-0.1</v><v s="MPR_2026M04_GDP_FDD_S1">2.0</v></o>
<o d="2026-10-01"><v s="MPR_2026M04_GDP_FDD_S3">2.3</v><v s="MPR_2026M04_GDP_FDD_S1">2.1</v><v s="MPR_2026M04_GDP_FDD_S2">0.2</v></o>
<o d="2027-01-01"><v s="MPR_2026M04_GDP_FDD_S3">1.6</v><v s="MPR_2026M04_GDP_FDD_S1">1.7</v><v s="MPR_2026M04_GDP_FDD_S2">-0.1</v></o>
<o d="2027-04-01"><v s="MPR_2026M04_GDP_FDD_S2">0.0</v><v s="MPR_2026M04_GDP_FDD_S3">1.2</v><v s="MPR_2026M04_GDP_FDD_S1">1.2</v></o>
<o d="2027-07-01"><v s="MPR_2026M04_GDP_FDD_S1">1.0</v><v s="MPR_2026M04_GDP_FDD_S3">1.2</v><v s="MPR_2026M04_GDP_FDD_S2">0.2</v></o>
<o d="2027-10-01"><v s="MPR_2026M04_GDP_FDD_S1">1.2</v><v s="MPR_2026M04_GDP_FDD_S2">0.4</v><v s="MPR_2026M04_GDP_FDD_S3">1.6</v></o>
<o d="2028-01-01"><v s="MPR_2026M04_GDP_FDD_S1">1.3</v><v s="MPR_2026M04_GDP_FDD_S2">0.4</v><v s="MPR_2026M04_GDP_FDD_S3">1.7</v></o>
<o d="2028-04-01"><v s="MPR_2026M04_GDP_FDD_S1">1.6</v><v s="MPR_2026M04_GDP_FDD_S2">0.2</v><v s="MPR_2026M04_GDP_FDD_S3">1.8</v></o>
<o d="2028-07-01"><v s="MPR_2026M04_GDP_FDD_S1">1.9</v><v s="MPR_2026M04_GDP_FDD_S2">0.1</v><v s="MPR_2026M04_GDP_FDD_S3">2.0</v></o>
<o d="2028-10-01"><v s="MPR_2026M04_GDP_FDD_S1">2.2</v><v s="MPR_2026M04_GDP_FDD_S2">-0.1</v><v s="MPR_2026M04_GDP_FDD_S3">2.1</v></o>
</observations>
</data>